Off the wire
• 1st LD: U.S. Fed raises interest rate by 25 basis, third time this year  • Eastern Ethiopia intercept 4,000 migrants in two years  • Urgent: U.S. Fed raises interest rate by 25 bp, third time this year  • FLASH: U.S. FED RAISES INTEREST RATE BY 25 BP, THIRD TIME THIS YEAR  • Paris welcomes cultural initiative Operation Panda  • UN calls for urgent action to avert crisis in South Sudan  • Spotlight: Libya refutes slave trade as it stirs widespread anger and concern  • Three of four Americans say sexual misconduct must stop: poll  • Kenya 7s team rues absence of experienced stars in Cape Town 7s  • Netherlands joins Austrian ECJ challenge against "discriminatory" German toll system  
You are here: 　

U.S. core inflation slows in November

Xinhua,December 14, 2017 Adjust font size:

WASHINGTON, Dec. 13 (Xinhua) -- U.S. core inflation unexpectedly slowed in November due to declining prices of apparel, airline fares, and household furnishings, dampening the hope that the U.S. central bank might raise the interest rates in a quicker pace next year.

The so-called core consumer price index, which excludes volatile food and energy components, increased 0.1 percent on a seasonally adjusted basis in November from the prior month and 1.7 percent from a year earlier, the Department of Labor said on Wednesday.

In October, the core CPI advanced 0.2 percent from the prior month and 1.8 percent from a year earlier. Moderate inflation this year has raised concerns among some Federal Reserve officials that raising interest rates too quickly could unduly depress inflation.

The Fed decided to raise interest rates on Wednesday for the third time this year and expected to hike the rates three more times in 2018. Enditem

 

Related News & Photos